Management consulting firm Deloitte has signed a Memorandum of Understanding (MoU) with ADNOC to become one of the certifying bodies (CBs) of ADNOC for its In-Country Value (ICV) programme
ADNOC suppliers are required to declare their ICV achievement for the previous financial year as part of the ADNOC ICV programme. ADNOC requires that a third party verification of the numbers in the ICV certificate be conducted annually by one of its certifying bodies.
The ICV assessment will form an integral part of the tender evaluation and award process of ADNOC. The criteria will assess, among other elements, the ICV score of suppliers, which includes manufactured goods, third-party spending, investment and emiratisation.
Rashed Saud Al Shamsi, business and commercial support director at ADNOC, said, “The launch of ADNOC’s in-country programme was a critical step in catalysing our nation’s progress and development. We’re pleased with the constructive and positive feedback we’ve received from our partners and suppliers this past year, and we look forward to driving even more in-country value in the years ahead.”
“That is why we’re proud to be deploying a total of 12 leading certification companies – some local, others global – all experts in their field, committed to serving our community of suppliers as they help us advance our in-country value programme’s mission to drive national prosperity and growth,” he added.
Mutasem Dajani, a managing partner at Deloitte UAE, stated, “Deloitte is honoured to be one of ADNOC’s certifying bodies, working closely with ADNOC to implement this programme across the UAE.”
“Verifying suppliers’ ICV performance and ascertaining they meet ADNOC’s requirements will drive opportunities for local businesses in the emirates in line with ADNOC’s 2030 growth strategy,” he noted.
